Booz Allen Hamilton Holding Corporation (NYSE:BAH) Announces Quarterly Dividend of $0.59

Booz Allen Hamilton Holding Corporation (NYSE:BAH – Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.59 per share by the business services provider on Friday, December 4th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, November 12th.

Booz Allen Hamilton has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Booz Allen Hamilton has a dividend payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Booz Allen Hamilton to earn $6.81 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 34.7%.

Booz Allen Hamilton Price Performance

BAH opened at $86.96 on Tuesday. The stock’s 50-day moving average price is $76.60 and its 200 day moving average price is $76.46. Booz Allen Hamilton has a 12-month low of $59.50 and a 12-month high of $109.10. The firm has a market cap of $10.31 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 2.01 and a beta of 0.28. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 3.53.

Booz Allen Hamilton (NYSE:BAH – Get Free Report) last issued its quarterly earnings results on Friday, October 23rd. The business services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.28. Booz Allen Hamilton had a return on equity of 75.00% and a net margin of 7.14%. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the business earned $1.49 EPS. Booz Allen Hamilton’s revenue was down 3.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.500-6.700 EPS. As a group, sell-side analysts expect that Booz Allen Hamilton will post 6.61 earnings per share for the current year.

Insider Buying and Selling

In other Booz Allen Hamilton news, EVP Buffum Fitzgerald sold 2,105 shares of Booz Allen Hamilton stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $82.90, for a total value of $174,504.50. Following the transaction, the executive vice president owned 5,087 shares in the company, valued at $421,712.30. This trade represents a 29.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joshua Petty sold 1,500 shares of the business’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $82.92, for a total value of $124,380.00. Following the sale, the executive vice president directly owned 8,538 shares of the company’s stock, valued at approximately $707,970.96. This trade represents a 14.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.08% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

Several large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Booz Allen Hamilton by 1.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,590,848 shares of the business services provider’s stock worth $208,226,000 after buying an additional 45,276 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Booz Allen Hamilton by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,352,790 shares of the business services provider’s stock worth $105,567,000 after acquiring an additional 151,166 shares in the last quarter. Bank of America Corp DE increased its position in shares of Booz Allen Hamilton by 2.6% in the 1st quarter. Bank of America Corp DE now owns 1,117,280 shares of the business services provider’s stock worth $87,181,000 after purchasing an additional 28,462 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Booz Allen Hamilton in the 2nd quarter worth about $51,325,000. Finally, Copeland Capital Management LLC raised its stake in shares of Booz Allen Hamilton by 292.5% in the 3rd quarter. Copeland Capital Management LLC now owns 807,353 shares of the business services provider’s stock valued at $56,047,000 after purchasing an additional 601,677 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

(Get Free Report)

Booz Allen Hamilton is a management and technology consulting firm that helps government and commercial clients address complex operational and technical challenges. Its services include strategy and organizational consulting, digital transformation, systems engineering, data analytics, artificial intelligence, and cybersecurity.

The company has a substantial focus on U.S. federal government work, supporting defense, intelligence, and civilian agencies on national security and public-sector missions.

Further Reading

Dividend History for Booz Allen Hamilton (NYSE:BAH)

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